Baptist Memorial Hospital Tipton

Analysis

Baptist Memorial Hospital Tipton is a registered charity in United States, based in Covington, TN. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Memorial Hospital Tipton reported income of $238.8m and spending of $206.5m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $127.6m to $238.8m (+87%), an average of +17% a year. The sharpest change came in the year to September 2020, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Memorial Hospital Tipton sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Geisinger-Lewistown Hospital ($238.5m), Glen Cove Hospital ($239.8m) and Duluth Clinic Ltd ($238.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $311k (0.2% of expenses). Other salaries and wages came to $29.4m. At year end it held assets of $117.9m against liabilities of $19.6m, net assets of $98.3m. It reported 626 employees.